Core Insights - Shenzhen Aerospace Exploration Technology Co., Ltd. has completed a seed round financing of several million yuan, led by Qiji Chuangtan and a strategic industry investor, with funds allocated for the development of its first model, the L400 [2] - The company focuses on the research and manufacturing of electric and intelligent medium-sized aircraft, with a strategy starting from agriculture and gradually expanding to other applications [2][4] Company Overview - Founded in August 2024, the company is led by a founder with a master's degree from the China Academy of Aerospace Aerodynamics and experience in various aviation and drone companies [2] - The core team comprises members from prestigious institutions and companies, bringing extensive experience in aerodynamics, flight loads, and structural strength [2] Product Development - The L400 is an all-electric short takeoff and landing (eSTOL) fixed-wing agricultural drone designed for large farms, with a takeoff weight of 850 kg and a takeoff distance of 150 m [4] - Compared to traditional agricultural aircraft, the L400 reduces takeoff distance by 60%, increases payload capacity by 20%, lowers BOM costs by 30%, and decreases overall operating costs by 40% while improving operational effectiveness by 15% [4] Technology and Innovation - The L400's efficient short takeoff and landing capabilities are attributed to the company's self-developed distributed electric propulsion system, which enhances safety and reduces material and maintenance costs [5] - The flight control system incorporates automotive technology, including automotive-grade chips and modular algorithms, preparing for future manned aircraft development [5] Market Strategy - The company targets overseas markets primarily, as the demand for large farms is significantly higher than in the domestic market, with a focus on mechanized operations [6] - The L400 has already received multiple intention orders from overseas clients in regions such as Russia, Australia, Central Asia, and the United States [6] Future Plans - Following the assembly completion of the L400 by the end of July, the company plans to conduct its first flight in September and aims to optimize the product by the end of the year for mass production [7] - The company intends to initiate a second round of financing in the second half of the year after completing the test flight of the L400 [7]